Great Hill Capital Chairman and managing member Thomas Hayes on American Airlines' market performance and companies cutting prices to respond to inflation.
The Association of Professional Flight Attendants, which represents 28,000 flight attendants, said it is «one step closer to a strike» after ongoing contract talks with American Airlines ended Thursday without an agreement.
Union president Julie Hedrick, who is also a career flight attendant, said in a statement that the airline «did not come to the table» with an adequate compensation agreement «after years of bargaining, including almost a year of mediated talks» with the National Mediation Board.
«Flight Attendants will move the process forward to secure overdue economic improvements,» Hedrick said.
AMERICAN AIRLINES OFFERS FLIGHT ATTENDANTS IMMEDIATE 17% WAGE HIKES AMID CONTRACT TALKS
Around 28,000 American Airlines flight attendants are «one step closer to a strike» after failing to reach negotiations with the airline on Thursday, the union announced. (iStock / iStock)
The airline, on the other hand, said it «made good progress» during negotiations over the past week.
«We made good progress in negotiations this week, adding even more to the industry leading proposal we’ve had on the table for months. We look forward to continuing negotiations so our flight attendants can benefit from the contract they deserve,» American Airlines said in a statement. «This agreement is within reach and we look forward to additional dates being scheduled.»
On June 5, American Airlines announced an offer to immediately increase flight attendants' wages by 17% along with a new profit-sharing formula as negotiations for new labor contracts continue. The negotiations initially began
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